Question by Anon: 1924 gold 20 dollar coin?
My auntie has a 1924 Gold 20 Dollar coin and wants to sell it, where in the UK buys such coins? and how much is is worth??
Best answer:
Answer by curtisports2
I can't give you any information about coin dealers in the UK, but if you can be on the internet doing this, you can certainly be on the internet looking for coin dealers in your area.
As for value, this is a St Gaudens double eagle, considered by many collectors to be one of the most beautiful coins ever made. Because of this, they are very sought after, and they always command a premium over the price of the gold alone, unless they have been handled a lot and show considerable wear. Most were not, because, even in the roaring 1920s, was a good chunk of money and these coins didn't see much circulation.
The amount of premium depends upon the grade, with each step up in grade increasing the price. You may want to consider submitting it to one of the US based graders, either PCGS or SGC. This will cost you some money, but it's very safe if you do it through a reputable dealer. The difference between a coin that is Mint State 65 in a dealer's opinion and one that's MS65 in the opinion of the grading company can be as much as 0, which pays for the grading with a nice bit left over for you.
The minimum these coins are bringing in very nice shape, ungraded, on eBay, is roughly 875 British pounds (a bit over 00 US), while the market price for gold is right around 800 pounds (00), give or take a few. The average seems to be about 00 US or 930 pounds. A dealer won't pay you that much. But stay away from any dealer who insists on paying less than gold market price. I wouldn't take any less than 850 pounds. Don't forget that on an eBay sale, you're going to pay close to 10% in total sale and payment processing fees by the time you're done, so to net 850 pounds you'd have to get a sale of 940 or so.
What do you think? Answer below!
[wprebay kw="1924+gold+" num="0" ebcat="11116"]
[wprebay kw="1924+gold+" num="1" ebcat="11116"]
[wprebay kw="1924+gold+" num="2" ebcat="11116"]
Originally posted 2010-10-03 23:43:50. Republished by Blog Post Promoter